Korea Zinc Reports 2025 Q4 Results, Targets 600,000 mt Zinc Ingot Sales in 2026

[Enterprise Shutdowns and Holidays, Zinc Oxide Operating Rates Continue to Decline] Order-wise, pre-holiday stockpiling by end-users across various sectors has largely concluded, with overall market trading remaining subdued and zinc oxide demand showing mediocre performance. Looking ahead to next week, the industry is expected to enter a full holiday cycle, with only a few large plants maintaining minimal production during the Chinese New Year period, while the majority of zinc oxide enterprises will gradually suspend operations for the holiday.

[Operating Rates Down Over 20 Percentage Points MoM, Die-Casting Zinc Alloy Enters Chinese New Year Lull] This week, operating rates of die-casting zinc alloy producers fell sharply, mainly due to concentrated holiday arrangements at large plants during the week, leading to a sharp drop in operating rates. It is expected that next week, enterprises still in production will also arrange holidays successively by the end of this week, and operating rates of die-casting zinc alloy producers will decline further...

[The spot market was sluggish this week, and premiums and discounts continued to decline] This week, premiums and discounts in Guangdong decreased by about 55 yuan/mt WoW. As of Friday, the mainstream #0 zinc was quoted at a discount of 60 yuan/mt against Guangdong, and the Shanghai-Guangdong price spread widened...